Marlboro County Economic Development Corporation

Analysis

Marlboro County Economic Development Corporation is a registered charity in United States, based in Bennettsville, SC. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Marlboro County Economic Development Corporation reported income of $54k and spending of $50k, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $73k to $54k (-27%), an average of -9.8% a year. The sharpest change came in the year to June 2023, when income dropped by 20%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marlboro County Economic Development Corporation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 27th percentile within SC. Charities of a similar size with the same main cause include Parent Booster USA Inc ($54k), Golden View PTO Inc ($54k) and Mather Memorial Library Inc ($54k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $297k against liabilities of $0, net assets of $297k.